Sectors & IndustriesFinancial Services

Best Financial Stocks to Buy Now (2024)

Top financial stocks in 2024 ranked by overall Zen Score. See the best financial stocks to buy now, according to analyst forecasts for the financial services sector.

According to Zen Score, the 3 best financial service stocks to buy right now are:

Marathon Digital Holdings (NASDAQ:MARA) is the top financial stock with a Zen Score of 76, which is 45 points higher than the financial sector average of 31. It passed 25 out of 33 due diligence checks and has strong fundamentals. Marathon Digital Holdings has seen its stock return 112.74% over the past year, overperforming other financial stocks by 93 percentage points.

Marathon Digital Holdings has an average 1 year price target of $21.90, an upside of 9.28% from Marathon Digital Holdings's current stock price of $20.04.

Marathon Digital Holdings stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Marathon Digital Holdings, 20% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a Hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

Riot Platforms (NASDAQ:RIOT) is the second best financial stock with a Zen Score of 65, which is 34 points higher than the financial sector average of 31. It passed 21 out of 33 due diligence checks and has strong fundamentals. Riot Platforms has seen its stock lose -16.46% over the past year, underperforming other financial stocks by -36 percentage points.

Riot Platforms has an average 1 year price target of $17.86, an upside of 77.68% from Riot Platforms's current stock price of $10.05.

Riot Platforms stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Riot Platforms, 57.14% have issued a Strong Buy rating, 42.86% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Selective Insurance Group (NASDAQ:SIGI) is the third best financial stock with a Zen Score of 64, which is 33 points higher than the financial sector average of 31. It passed 23 out of 38 due diligence checks and has strong fundamentals. Selective Insurance Group has seen its stock lose -3.98% over the past year, underperforming other financial stocks by -23 percentage points.

Selective Insurance Group has an average 1 year price target of $109.50, an upside of 14.26% from Selective Insurance Group's current stock price of $95.83.

Selective Insurance Group stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Selective Insurance Group, 0% have issued a Strong Buy rating, 25% have issued a Buy, 75% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 465 financial stocks that have issued dividends in the past year, the 3 financial stocks with the highest dividend yields are:

Scully Royalty (NYSE:SRL) has an annual dividend yield of N/A, which is N/A percentage points lower than the financial sector average of 3.92%. Scully Royalty's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Scully Royalty's dividend has shown consistent growth over the last 10 years.

Scully Royalty's dividend payout ratio of 260.7% indicates that its dividend yield might not be sustainable for the long-term.

Investcorp Credit Management Bdc (NASDAQ:ICMB) has an annual dividend yield of 24.38%, which is 20 percentage points higher than the financial sector average of 3.92%. Investcorp Credit Management Bdc's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Investcorp Credit Management Bdc's dividend has not shown consistent growth over the last 10 years.

Investcorp Credit Management Bdc's dividend payout ratio of -6,300% indicates that its high dividend yield might not be sustainable for the long-term.

Oxford Square Capital (NASDAQ:OXSQ) has an annual dividend yield of 17.59%, which is 14 percentage points higher than the financial sector average of 3.92%. Oxford Square Capital's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Oxford Square Capital's dividend has not shown consistent growth over the last 10 years.

Oxford Square Capital's dividend payout ratio of 317.6% indicates that its high dividend yield might not be sustainable for the long-term.

Financial stocks were up 0.89% in the last day, and down -0.21% over the last week. Canadian Imperial Bank Of Commerce was the among the top gainers in the financial services sector, gaining 7.5% yesterday.

Canadian Imperial Bank shares are trading higher following a Q2 earnings beat.

Based on WallStreetZen's Valuation Score, the 3 most undervalued financial stocks right now are:

Pioneer Bancorp (NASDAQ:PBFS) is the most undervalued financial stock based on WallStreetZen's Valuation Score. Pioneer Bancorp has a valuation score of 100, which is 60 points higher than the financial sector average of 40. It passed 7 out of 7 valuation due diligence checks.

Pioneer Bancorp's stock has gained 18.75% in the past year. It has underperformed other stocks in the financial sector by -1 percentage points.

First Us Bancshares (NASDAQ:FUSB) is the second most undervalued financial stock based on WallStreetZen's Valuation Score. First Us Bancshares has a valuation score of 100, which is 60 points higher than the financial sector average of 40. It passed 7 out of 7 valuation due diligence checks.

First Us Bancshares's stock has gained 33.78% in the past year. It has overperformed other stocks in the financial sector by 14 percentage points.

Southern Missouri Bancorp (NASDAQ:SMBC) is the third most undervalued financial stock based on WallStreetZen's Valuation Score. Southern Missouri Bancorp has a valuation score of 100, which is 60 points higher than the financial sector average of 40. It passed 7 out of 7 valuation due diligence checks.

Southern Missouri Bancorp's stock has gained 13.83% in the past year. It has underperformed other stocks in the financial sector by -5 percentage points.